Hitt og þetta 7. júlí 2006


July 7, 2006: OSLO, NORWAY, Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE and NYSE: PGS) announced today that it has been informed by the New York Stock Exchange that its ADRs in the US will on Friday July 7 trade inclusive of the right to receive Demerger Shares in Petrojarl. New York Stock Exchange will in due course announce the ex date.


Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. PGS operates on a worldwide basis with headquarters at Lysaker, Norway.

For more information on Petroleum Geo-Services visit www.pgs.com.


The information included herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on various assumptions made by the Company which are beyond its control and are subject to certain additional risks and uncertainties as disclosed by the Company in its filings with the Securities and Exchange Commission including the Company's most recent Annual Report on Form 20-F for the year ended December 31, 2005. As a result of these factors, actual events may differ materially from those indicated in or implied by such forward-looking statements.



Ola Bøsterud Phone: +47 67 52 64 00 Cellular: +47 90 95 47 43

Christopher Møllerløkken Phone: +47 67 52 64 00 Cellular: +47 90 27 63 55